Franchise Update Media
Franchise Update Media Digital
Publications
Conferences Education Videos Subscribe
Advertise

RSS Subscribe
Travel Franchise Industry News & Announcements

Franchising.com brings you the latest in Travel franchising news from around the web. As one of the most trusted news sources for the Travel franchise industry, Franchising.com streams hundreds of the latest news directly to your desktop.

Choice Hotels International Reports A 9% Increase In Third Quarter Domestic RevPAR And Royalties »

October 24, 2014 at 9:05AM PDT | Source: Choice Hotels

Company Raises Full-Year OutlookThird Quarter Franchising EBITDA Increases 8%
ROCKVILLE, Md., Oct. 24, 2014 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH) today reported the following highlights for the third quarter of 20141:

Franchising revenues for the three months ended September 30, 2014 totaled $99.4 million, an increase of 8 percent from the same period of 2013.
Earnings before interest, taxes, depreciation and amortization ("EBITDA") from franchising activities for the three months ended September 30, 2014 totaled $74 million, an increase of 8 percent from the same period of 2013. 
Franchising margins for the three months ended September 30, 2014 were 72...

IHG® Launches The Holiday Inn Express® Brand In Russia »

October 24, 2014 at 8:48AM PDT | Source: Holiday Inn Express

October 24, 2014 // Franchising.com // InterContinental Hotels Group (IHG®), one of the world's leading hotel companies today announces the launch of its Holiday Inn Express® brand in Russia, the CIS and Georgia. In cooperation with Regional Hotel Chain (RHC), Russia's rapidly growing hotel property developer, IHG is pleased to introduce Holiday Inn Express® Voronezh – Kirova which marks the debut of the brand in the region and will open its doors in just a few weeks' time.
The opening comes only months after IHG brought its Hotel Indigo® brand to Russia for the first time, with the opening of Hotel Indigo® St Petersburg – Tchaikovskogo.
Designed to be the right choice for value-conscious business and leisure travellers, Holiday Inn Express is part of IHG's Holiday Inn brand family...

Hyatt Ranked As One Of The World’s Best Multinational Workplaces By Great Place To Work »

October 23, 2014 at 9:31AM PDT | Source: Hyatt Hotels & Resorts

Recognition as a top multinational workplace coincides with relaunch of Hyatt career website Hyatt.jobs.
October 23, 2014 // Franchising.com // CHICAGO – Hyatt Hotels Corporation (NYSE: H) announced today that Hyatt has been named one of the World's Best Multinational Workplaces by Great Place to Work®. The annual list honors 25 companies that have been recognized by their employees as an organization that fosters creativity, trust and camaraderie.
This year marks Hyatt's inaugural appearance on the list, following Great Place to Work® recognitions in the United States, France, Germany, United Arab Emirates, India, and the United Kingdom.
"This incredible recognition reflects how our people-focused culture, and the care we show to everyone in the Hyatt family, extends to our colleagues around the world," said Robb Webb, chief human resources officer, Hyatt Hotels Corporation...

La Quinta Holdings Inc. Reports Strong Third Quarter 2014 Results »

October 23, 2014 at 5:06AM PDT | Source: La Quinta Inn

- Generated RevPAR Growth of 8.9%- Achieved Pro forma Adjusted EBITDA Growth of 13.6%- Increases Full Year 2014 Guidance
IRVING, Texas - Oct. 22, 2014 /PRNewswire/ - La Quinta Holdings Inc. (NYSE: LQ) today reported its third quarter 2014 results on a pro forma basis, giving effect to La Quinta's initial public offering (IPO) and the related transactions as described below, as well as the results of operations for the third quarter 2014 on a historical basis.
Third Quarter 2014 Highlights:

Pro forma total Adjusted EBITDA increased 13.6 percent to $109.3 million, and Pro forma Adjusted EBITDA margin increased 130 basis points
Pro forma net income increased 17.9 percent to $21.0 million; historical net income was $12...

Starwood Hotels & Resorts Extends Global Partnership With Mercedes AMG Petronas »

October 22, 2014 at 9:21AM PDT | Source: Starwood Hotels & Resorts

SPG Members Can Live The Formula One Experience With Unparalleled Access To The Mercedes AMG Petronas Formula One Team
STAMFORD, Conn. - October 22, 2014 - (BUSINESS WIRE) - Starwood Preferred Guest (SPG®), the award-winning loyalty program from Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced a two-year extension of its partnership with the Mercedes AMG Petronas Formula One Team. SPG® officially launched the new global partnership at the start of Formula One’s 2012 European season and after three successful years together the two partners have now announced that their relationship will continue ahead of the United States Grand Prix.
Considered the most prestigious form of motor racing in the world, Formula One consists of a series of races known as ‘Grands Prix’ held on purpose-built and street circuits...

Hyatt Announces Groundbreaking For Fourth Hotel In Puerto Rico »

October 22, 2014 at 5:25AM PDT | Source: Hyatt Place

A 149-Room Hyatt Place Hotel in San Juan Is Expected to Open in Q1 2016
October 21, 2014 // Franchising.com // CHICAGO – Hyatt Hotels Corporation (NYSE: H), PRISA Group and McConnell Valdés Consulting today announced the groundbreaking for Puerto Rico’s fourth Hyatt-branded select service hotel, the $29.7 million Hyatt Place San Juan. The announcement comes on the heels of the recent opening of the 126-room Hyatt House San Juan, which opened October 1, 2014, and confirms Hyatt’s commitment to Puerto Rico and the region. Hyatt Place San Juan will be developed by a joint venture between affiliates of Hyatt, PRISA Group and McConnell Valdés Consulting, Inc. As part of the transaction, a Hyatt affiliate has entered into a management and related agreements with the joint venture for the operation of the hotel...

Value Place Opens New Hotel In Kansas City, Missouri »

October 21, 2014 at 7:40AM PDT | Source: Value Place

October 21, 2014 // Franchising.com // Kansas City, MO - Value Place, the nation's largest economy extended-stay hotel brand, has announced the grand opening of a newly constructed hotel in Kansas City, Missouri, located at 8805 Leeds Road, near the intersection of I-70 and Stadium Drive. This is the brand's sixth hotel in Missouri, joining Value Place hotels in Springfield, St. Louis, and other highly-trafficked Kansas City locations. This hotel opened to the public on October 17, 2014. A ribbon-cutting event is planned for October 28, 2014 from 11:30 a.m. to 1:30 p.m. and will offer catered lunch and door prizes to attendees.
"Kansas City is showing tremendous promise in terms of economic recovery and job growth," said Kyle Rogg, President and Chief Operating Officer at Value Place...

Wyndham Hotel Group’s Rui Barros To Oversee North America Franchise Operations »

October 20, 2014 at 7:05AM PDT | Source: Wyndham Worldwide

October 20, 2014 // Franchising.com // Parsippany, N.J. – Wyndham Hotel Group, the world’s largest hotel company with approximately 7,540 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), today announced the appointment of Rui Barros as president and managing director of North America franchise operations.
Rui BarrosIn this role, Barros will be responsible for Wyndham Hotel Group’s field and brand operations functions, overseeing operational performance, ongoing franchisee support efforts and preferred client services for Wyndham Hotel Group properties in North America. He will be based in the company’s Parsippany, New Jersey offices.
A seasoned hospitality industry veteran, Barros has held a number of high-level operations positions with Wyndham Hotel Group...

Value Place Announces Appointment Of Stuart Becker As Executive Vice President And Chief Financial Officer »

October 20, 2014 at 6:36AM PDT | Source: Value Place

October 20, 2014 // Franchising.com // WICHITA, Kan. - Value Place, the nation's largest economy, extended-stay hotel brand, today announced the appointment of Stuart Becker to Executive Vice President and Chief Financial Officer, effective Monday, October 13, 2014.
In this role, Becker will oversee the company's finance and accounting functions and will be responsible for the financial management, planning, and operations for each of the brand's core departments, including property management, real estate and franchise development, construction, and franchise and legal services. Becker will leverage his past experience with lenders and private equity sources to identify additional financing to support the continued development of new Value Place properties across the country...

Wyndham Worldwide Named Outstanding Employer By New Jersey Business & Industry Association »

October 17, 2014 at 12:14PM PDT | Source: Wyndham Worldwide

October 17, 2014 // Franchising.com // Parsippany, N.J. - Wyndham Worldwide (NYSE: WYN), one of the world's largest hospitality companies, received the 2014 Award of Excellence for Outstanding Employer from New Jersey Business & Industry Association. This prestigious award is presented annually to a company that demonstrates a creative and forward-looking approach to managing its human resources. Wyndham Worldwide was recognized for its Be Well program, a holistic approach to associate health and wellness.
"Our culture at Wyndham Worldwide is based on our 'Count On Me!' service philosophy, and we take pride in our associates knowing that they can count on Wyndham Worldwide and our Be Well program to provide the support and resources they need to live healthier lives," said Mary Falvey, executive vice president and chief human resources officer, Wyndham Worldwide...

DoubleTree By Hilton Opens In Heart Of Historic St. Augustine »

October 17, 2014 at 9:10AM PDT | Source: Doubletree Hotels, Suites, Resorts

DoubleTree by Hilton St. Augustine Historic District Offers Upscale, Modern Accommodations within Walking Distance of Spanish Quarter Attractions
October 17, 2014 // Franchising.com // ST. AUGUSTINE, Fla. and MCLEAN, Va. – DoubleTree by Hilton today announced the opening of DoubleTree by Hilton St. Augustine Historic District, located in the heart of the "Ancient City," the first permanent European settlement in the continental U.S. Formerly a Ramada Inn, the five-story hotel has been completely redesigned and renovated in the city’s traditional Old Spanish style while featuring modern updates and amenities throughout. Within easy walking distance of St. Augustine’s many cultural and historical attractions, and just 50 miles from the Jacksonville International Airport, the 97-room hotel offers leisure, group and business travelers the comforts of home blended with features that convey the city’s proud Spanish heritage...

Home2 Suites By Hilton® Opens First Hotel In South Dakota »

October 16, 2014 at 11:59AM PDT | Source: Home2 Suites by Hilton

New Hotel Connects to Sanford Medical Center and Offers Guests Unmatched Amenities
October 16, 2014 // Franchising.com // SIOUX FALLS, S.D., and MCLEAN, Va. – Home2 Suites by Hilton, Hilton Worldwide’s award-winning mid-tier, all-suite hotel brand designed for modern business travelers and extended stay guests, today announced the opening of its 44th hotel, Home2 Suites by Hilton Sioux Falls/Sanford Medical Center, located at 1120 S Grange Avenue. This is the first property for the brand in South Dakota. It is owned and operated by Fargo, N.D.-based TMI Hospitality.
"The hotel’s connection to the reputable Sanford Medical Center is a great example of the value Home2 Suites can bring to travelers who are looking at staying at a hotel for an extended period of time," said Bill Duncan, global head, Home2 Suites and Homewood Suites...

Aloft Hotels Set To Debut In Columbia, South Carolina »

October 16, 2014 at 11:11AM PDT | Source: aloft hotels

Aloft Columbia Downtown to open in early 2016 in the City's Revitalized Downtown Arts and Entertainment District, The Vista
STAMFORD, Conn. - October 16, 2014 - (BUSINESS WIRE) - Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) today announced its rapidly expanding Aloft brand will soon debut in Columbia, South Carolina. Aloft Columbia Downtown is scheduled to open in January 2016 in The Vista, the city's recently revitalized epicenter for the arts, entertainment, shopping and dining. Owned by Lady Vista, LLC, and managed by Lexington Hospitality, the new Aloft hotel will feature 108 spacious, loft-like rooms, forward-thinking technology and a lively, social atmosphere.
"Aloft will energize the lodging market in Columbia, South Carolina and cater to the next generation of travelers with its emphasis on design and live music offerings at the W XYZ Bar," said Brian McGuinness, Senior Vice President, Specialty Select Brands for Starwood...

Value Place Opens New Hotel In Fredericksburg, Virginia »

October 16, 2014 at 6:50AM PDT | Source: Value Place

124-room hotel provides a clean, safe, affordable, extended-stay option for travelers.
FREDERICKSBURG, Va. - October 16, 2014 - (BUSINESS WIRE) - Value Place, the nation’s largest economy extended-stay hotel brand, has announced the grand opening of a newly constructed hotel in Fredericksburg, Virginia located at 1455 Carl D Silver Parkway. This is the brand’s seventh hotel in Virginia, joining Value Place hotels in Chesapeake, Richmond, Gainesville, and Manassas. Value Place has partnered with a local franchisee to develop this hotel. The hotel opened to the public effective October 15, 2014.
"Since 2010, Fredericksburg is the fastest-growing locality in Virginia for both business and population," said Andy Anderson, Executive Vice President of Business Development at Value Place...

Home2 Suites By Hilton® Debuts Second Property In South Carolina »

October 16, 2014 at 6:20AM PDT | Source: Home2 Suites by Hilton

The Eco-Friendly Brand Finds its Newest Home in Florence
October 16, 2014 // Franchising.com // FLORENCE, S.C., and MCLEAN, Va. - Home2 Suites by Hilton, Hilton Worldwide's award-winning mid-tier, all-suite hotel brand designed for modern business travelers and extended stay guests, today announced the opening of its 43rd hotel, Home2 Suites by Hilton Florence, located at 900 Woody Jones Boulevard. This is the second property for the brand in South Carolina.
"Florence is an area rich in culture and history, and the brand believes this is an ideal location in which Home2 Suites can thrive and provide its guests with the most unique travel experience they will find with a hotel in the mid-scale segment," said Bill Duncan, global head, Home2 Suites and Homewood Suites...

IHG Announces The Opening Of A New Holiday Inn Express® Hotel In Xalapa, Mexico »

October 15, 2014 at 12:26PM PDT | Source: Holiday Inn Express

$6 million new-build hotel adds to growing IHG portfolio in Veracruz
October 15, 2014 // Franchising.com // XALAPA, Ver. – InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, today announced the opening of a five-story, 110-room Holiday Inn Express® Xalapa hotel in Veracruz, Mexico. The city is rich in history and has a renowned cultural center dating back to the 19th century. Today the city hosts the prestigious Veracruz Cultural Institute and the University of Veracruz, which is home to one of the top-ranked symphony orchestras in the country. This is the tenth IHG®-branded hotel for Veracruz, which is currently home to two Crowne Plaza® hotels, five Holiday Inn® hotels, one Holiday Inn Express hotel and a Hotel Indigo® hotel...

Hyatt Place Savannah Airport Celebrates Official Opening »

October 15, 2014 at 10:41AM PDT | Source: Hyatt Place

Hyatt Place hotel offers 81 guestrooms, and is located minutes from Savannah Hilton Head International Airport and downtown Savannah.
October 15, 2014 // Franchising.com // CHICAGO – Hyatt Hotels Corporation (NYSE: H) and Hotel Equities today announce the opening of Hyatt Place Savannah Airport. The 81-room hotel is conveniently located two miles from the Savannah Hilton Head International Airport and a short distance from historic downtown Savannah.
"We are delighted to bring the Hyatt Place brand to the Savannah area with the opening of Hyatt Place Savannah Airport," said Joe Reardon, vice president of marketing and business development for Hotel Equities. "Hyatt Place was designed for a lifestyle, not a demographic, and as a result, we are confident that everyone from business travelers to family vacationers will appreciate the open, intuitive design, casual atmosphere and practical amenities, such as free Wi-Fi and 24-hour food offerings...

Ramada Celebrates 60 Years By Giving Away Six Dream Getaways »

October 14, 2014 at 11:56AM PDT | Source: Ramada Worldwide

October 14, 2014 // Franchising.com // PARSIPPANY, N.J. – What's your dream destination? In celebration of 60 years of providing travelers with convenient and modern accommodations, the Ramada® hotel brand today announced the launch of the "Ramada's 60 Reasons Contest," offering consumers the chance to win one of six trips of a lifetime to one of 60 global destinations.
Started in 1954 as a small 60-room motel off of Route 66 in Flagstaff, Arizona, over the last 60 years, Ramada has grown to become one of the most well-known hotel chains in the world, with more than 820 locations throughout over 50 countries.
"Ours is a globally known brand with an outstanding footprint and heritage," said Caryl Porter, Ramada brand senior vice president...

CruiseOne® Proudly Honors Military Veterans By Awarding Five Cruise Franchises And Meeting Military Goal »

October 14, 2014 at 11:30AM PDT | Source: CruiseOne

Company announces 30 percent of franchise network is comprised of military veterans and spouses at annual awards ceremony featuring government officials.
October 14, 2014 // Franchising.com // Fort Lauderdale, Fla. – Nationally recognized military-friendly cruise franchise CruiseOne®, which is part of World Travel Holdings, the world's largest cruise agency and award-winning leisure travel company, recently celebrated military veterans and their spouses at its third annual "Operation Vetrepreneur: Become Your Own General" awards ceremony. In addition to awarding free travel franchises each valued at $12,700 to five deserving U.S. military veterans, for a total value of $63,500, the company announced that it exceeded its 2014 military recruitment goals...

Value Place Expands Presence In Ohio With Columbus Grand Opening »

October 14, 2014 at 8:36AM PDT | Source: Value Place

October 14, 2014 // Franchising.com // COLUMBUS, Ohio - Value Place, the nation's largest economy extended-stay hotel brand, has announced the grand opening of a newly constructed hotel in Columbus, Ohio. The hotel, located at 375 Hutchinson Avenue, marks the brand's 10th location in the state and fifth in the region as the company expands to meet the growing demand for safe, clean, and affordable extended-stay lodging in the Midwest. Value Place has partnered with a local franchisee in the development of the new hotel, which officially opened to the public on October 9, 2014.
"Columbus' economy is improving rapidly and is starting to gain on other major metros across the country," said Andy Anderson, Executive Vice President of Business Development at Value Place...



Hot Opportunities

Doc Popcorn Franchise Opportunity

Doc Popcorn
Doc Popcorn is revolutionizing the way people snack in high-traffic...

Add
Bricks 4 Kidz Franchise Opportunity

Bricks 4 Kidz
Bricks 4 Kidz provides project-based programs designed to teach principles...

Add
Oxi Fresh Franchise Opportunity

Oxi Fresh
OXI FRESH is a GREEN Carpet Cleaning Franchise and one of Entrepreneur's...

Add
Papa Murphy's Take 'N' Bake Pizza Franchise Opportunity

Papa Murphy's Take 'N' Bake Pizza
The world's largest, fastest growing Take 'N' Bake pizza franchise is...

Add
Archadeck Franchise Opportunity

Archadeck
Archadeck is proud to be North America's leading designer and builder of...

Request Information
Minuteman Press International Franchise Opportunity

Minuteman Press International
Minuteman Press has been the leader in the printing & graphics...

Add
Pet Supplies Plus Franchise Opportunity

Pet Supplies Plus
With over twenty-five years of successful retail franchise experience and...

Add
Jimmy John's Gourmet Sandwich Shops Franchise Opportunity

Jimmy John's Gourmet Sandwich Shops
Jimmy John's franchise success is built upon an unyielding commitment to...

Add

The Franchise Buzz:

A Franchise Update Media Group Production Franchise Update Media Group | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2014. All Rights Reserved. Site Hosting Provided By: wishVPS on FUMG3
0
Your Request List:
No Opportunities Saved